Semtech LoRa Picocell Gateway Platform Brings Smart IoT Applications to Homes and Small Businesses

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RBC Capital Raises Price Target on Semtech (SMTC) Following 3Q Report

December 1, 2016 7:26 AM EST

RBC Capital reiterated a Sector Perform rating on Semtech Corp. (NASDAQ: SMTC), and raised the price target to $32.00 (from $28.00), following the company's 3Q earnings report. SMTC reported results slightly ahead of Street on both revenue/EPS at $140.9M/$0.37 vs. Street at $138.5M/ $0.36.

Analyst Mitch... More